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Nj Division of Taxation Form

Nj Division of Taxation Form

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hello and welcome to the canva camel office legal podcast this edition we're going to talk about some of the things the executor needs to do with their attorney connection with the new jersey division of taxation um so new jersey has an inheritance tax they did away temporarily with the estate tax but what if you're the executor or the administrator of an estate well most likely you and the attorney are going to need to obtain waivers to release the decedent's assets such as bank accounts new jersey stock new jersey real estate so there's several steps uh to follow and a few things that uh your attorney will work on well typically the attorney will prepare the inheritance tax return and then uh you know right wait for the return if there's taxes due so there's no tax if it's uh monies are going to children step children you know parent spouse if it's going to brothers and sisters the first 25 000 is tax-free after that the

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